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BillShrink Study Reveals Credit Card Companies Raising Rates

added: 15-08-2009

Credit card companies are raising rates on cardholders according to a study by BillShrink. BillShrink is the independent free online service that gives personalized savings recommendations by matching people with the best cards available on the market.

Economic Crisis Fuels Support for Social Security

added: 15-08-2009

On the eve of the 74th anniversary of Social Security, nearly nine in ten (88%) Americans say Social Security is more important than ever as a result of today's economic crisis, and three-quarters of Americans say it is critical to preserve Social Security even if it means that working Americans have to pay higher taxes to do so, according to a poll released today by the National Academy of Social Insurance (NASI) and the Rockefeller Foundation.

U.S. Foreclosure Activity Increases 7 Percent in July 2009

added: 15-08-2009

RealtyTrac(R)released its July 2009 U.S. Foreclosure Market Report(TM), which shows foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 360,149 U.S. properties during the month, an increase of nearly 7 percent from the previous month and an increase of 32 percent from July 2008. The report also shows that one in every 355 U.S. housing units received a foreclosure filing in July.

Mortgage Rates Post Mixed Results

added: 14-08-2009

The average 30-year fixed mortgage rate inched higher to 5.67 percent this week, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.36 discount and origination points.

The Conference Board Leading Economic Index™ for Korea Increased 1.5 Percent in June 2009

added: 14-08-2009

The Conference Board Leading Economic Index™ (LEI) for Korea increased 1.5 percent and The Conference Board Coincident Economic Index™ (CEI) increased 1.3 percent in June.

U.S. Companies Preparing for Economic Recovery in First Half of 2010

added: 14-08-2009

With recession, AT&T study finds ROI more critical than ever before; IT executives under pressure to deliver in half the time. U.S. companies are preparing for a global economic recovery to begin in the first half of 2010 according to a new "Road to Growth" study from AT&T.

Euro Area GDP Down by 0.1% and EU27 GDP Down by 0.3%

added: 14-08-2009

GDP declined by 0.1% in the euro area (EA16) and by 0.3% in the EU27 during the second quarter of 2009, compared with the previous quarter, according to flash estimates published by Eurostat, the Statistical Office of the European Communities. In the first quarter of 2009, growth rates were -2.5% in the euro area and -2.4% in the EU27.

US Extended Mass Layoffs in the Second Quarter of 2009

added: 13-08-2009

Employers initiated 2,994 mass layoff events in the second quarter of 2009 that resulted in the separation of 534,881 workers from their jobs for at least 31 days, according to preliminary figures released by the U.S. Department of Labor's Bureau of Labor Statistics. Both the numbers of extended mass layoff events and associated separations were record highs for a second quarter (with data available back to 1995).

U.S. Job Openings and Labor Turnover

added: 13-08-2009

On the last business day of June, the number of job openings in the U.S. was little changed near a series low level of 2.6 million, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The hires rate at 2.9 percent in June was at the lowest point since the series began in December 2000. The total separations rate remained at a series low of 3.3 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector by industry and geographic region.

Economy Calls for Change in College Plans

added: 13-08-2009

One-third of students are changing their college plans because of the economy according to the 2009 Back to College survey. The nationwide survey, conducted by the nation's largest nonprofit full service credit counseling organization, Money Management International (MMI), measured the toll of the economy on students' plans for attending and paying for college.

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